Carstens named Euromoney Central Bank Governor of the Year 2013
By: Published on:
Agustín Carstens, the governor of the Bank of Mexico, has been named Euromoney’s Central Bank Governor of the Year 2013.
Carstens will receive this award during a private presentation at the World Bank/IMF annual meetings in Washington this week.
In commending Carstens for his stewardship of Mexican monetary policy, Euromoney says: Agustín Carstens is an orthodox central banker in an unorthodox world. Inheriting an impressive legacy, he has continued the Mexican central banks inflation-targeting work while keeping a pragmatic eye on growth.
Growth potential is almost unrivalled and Carstens seems intent on ensuring that Mexicos voice is heard in a new, multi-polar financial world.
Fiercely independent, the Mexican central bank has indeed been true to its inflation-targeting strategy during the long, slow Mexican recovery, which Euromoney says has won the bank credibility and respect and, more importantly, a sound economic basis for future growth.
Mexico has inflation under control and room for monetary easing if external shocks hit growth. It is this orthodoxy that Carstens embodies, Euromoney says.
Euromoney, the worlds leading publication for the global banking and finance industry, has been nominating a Central Bank Governor of the Year award for more than three decades. The previous three winners include Israels Stanley Fischer in 2010, Zhou Xiaochuan of China in 2011 and Canadas Mark Carney last year.
Euromoneys decision is based on three factors: the opinions of a committee of Euromoneys senior editors, which is chaired by Euromoneys editor Clive Horwood; the views of the worlds leading bankers, which we seek out in background meetings; and the analysis of the contributors to Euromoney Country Risk (ECR), which has more than 400 economists around the world contributing on a regular basis, as well as data sourced and compiled by ECR.
For an in-depth interview with Agustín Carstens, read Euromoneys October issue or online at www.euromoney.com/FM.
For more information, contact: Euromoney Clive Horwood, editor Chorwood@euromoney.com
Rob Dwyer, Latin America editor, firstname.lastname@example.org